Senior Analyst, Compensation

Lemonade, Inc.; New York (NY); Hybrid; USD 90,000 - 120,000; Full time

Job summary

An innovative company is on the lookout for a Senior Compensation Analyst to join their dynamic People Operations team. This pivotal role focuses on enhancing compensation strategies through data analytics and AI, ensuring alignment with the company’s philosophy. You'll collaborate with talented individuals in a fast-paced environment, driving process improvements and fostering transparency. Join a forward-thinking organization that values autonomy and creativity while making a meaningful social impact through its initiatives. If you're passionate about data and eager to contribute to a culture of innovation, this opportunity is perfect for you.

Qualifications

• 3+ years in a compensation analyst role with emphasis on data management.
• Experience with compensation-related software is strongly preferred.

Responsibilities

• Own and update compensation bands using external data sources.
• Lead the compensation budget process and manage financial performance.

Skills

Data Management

Process Optimization

Data Analysis

Communication Skills

Attention to Detail

Education

Bachelor's Degree in a related field

Tools

Excel

Workday

Job description

New York, United States | People Ops | Full-time

Not your everyday company

Lemonade completely reinvented how insurance works. As a customer-centric tech company, we created an insurance experience that is smart, instant, and delightful.

At Lemonade, you’ll be working with a group of like-minded makers, who get a kick out of moving fast and delivering great products. We surround ourselves with some of the smartest, most motivated, creative people who are filled with positive energy and good karma.

Unlike most publicly traded companies, we’re nimble and efficient. We take pride in the fact that we still think and operate like a startup. We don’t care much about titles and hierarchy and instead focus on innovation, bold moves, and challenging the status quo.

We’re built as a lean, data-driven organization that relies on a common understating of objectives and goals to provide teams with autonomy and ownership. We don’t like spending our days in meetings and we skip committees altogether. At Lemonade, there’s no such thing as going over someone’s head. We have zero tolerance for bureaucracy, office politics, and lean-back personalities.

As a Public Benefit Corporation and a certified B-Corp, we deliver environmental and social impact using our products and tech. Through our Giveback program, we partner with organizations such as the ACLU, New Story, The Humane Society, Malala Fund, American Red Cross, 360.org, charity: water, and dozens of others, and have donated millions towards reforestation, education, animal rights, LGBTQ+ causes, access to water, and more.

Awarded ‘best workplace’

Best Workplace and Best-Led Company by Inc.Magazine

“World Changing” by FastCompany

Recognized as a World Changing Idea by Fast CompanyMagazine

Ranked #1 Home insurance inAmerica

Won best renters and homeowners insurance in America by US News, andothers

Best Pet Insurance inAmerica

Rated “Best Overall Pet Insurance” by Better Homes &Gardens

Rated 4.9 on the AppStore

Among the highest rated apps of alltime

What you’re applying for

We are seeking a highly qualified Senior Compensation Analyst to join our People Operations team. This role is pivotal in ensuring our compensation and equity strategies are competitive, transparent and aligned with our company’s philosophy.

The successful candidate will leverage AI, data analytics, external benchmarking, and process improvements to enhance our compensation systems and practices, playing a crucial role in decision-making and strategic planning.

In this role you’ll

Own and update compensation bands utilizing external data sources and market benchmarking to ensure competitiveness and alignment with our compensation philosophy

Lead the compensation budget process, including forecasting, tracking, and analysis of budgets vs. actuals to manage financial performance

Draft and maintain comprehensive presentations and guides to educate and foster transparency

Oversee equity forecasting models, ensuring strategic allocation and alignment with company objectives

Own the underlying job data architecture and business processes related to compensation and equity changes within Workday. Collaborate closely with the Workday system admin to enhance user experience.

Implement systems and processes to guarantee the accuracy and reliability of compensation data, identifying areas for improved integrity and refined analytics

Spearhead initiatives to automate and streamline compensation processes, enhancing efficiency across the board

Serve as a trusted resource to all stakeholders, supporting and guiding them in compensation decisions based on our philosophy, facilitating informed decision-making through comprehensive analytics and reports

What you’ll need

Minimum of 3+ years in a compensation analyst role or similar, with an emphasis on data management and process optimization within a People or Finance team

Bachelor's Degree in a related field

Advanced proficiency in Excel and data analysis tools

Experience with Workday and other compensation-related software is strongly preferred

Familiarity with standard job architecture, leveling, and third-party compensation data sets

Exceptional attention to detail, with a dedication to data accuracy and integrity

Strong written and verbal communication skills, capable of conveying complex information in clear terms to various stakeholders

Ability to to work 3 days a week in our NYC office

Enthusiasm about learning and adapting to the exciting world of AI – a commitment to exploring this field is a fundamental part of our culture

Unfortunately, we cannot consider applicants from these states; Colorado, California, Montana, Hawaii, New Mexico and Puerto Rico.

*Please note that we are unable to sponsor applicants for work visas

Lemonade's US base salary range for this full-time position is $90,000-$120,000 + equity + benefits. Our salary ranges are determined by role, level, and location. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Speak to your recruiter to hear more about the specific salary range for your preferred location.

Things to know…

Lemonade is an equal opportunity employer committed to diversity and inclusivity. We never discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status. If you require reasonable accommodations due to religious beliefs, pregnancy, or disabilities, let us know at any time.

Property and casualty insurance is provided by Lemonade Insurance Company (LIC), 5 Crosby St., 3rd floor, New York, NY 10013 or Metromile Insurance Company (MIC), 3080 N. Civic Center Plaza, Scottsdale, AZ 85251. Life Insurance provided by North American Company for Life and Health Insurance, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193.

Lemonade Insurance Agency, LLC (LIA) and Metromile Insurance Services LLC (MIS) are licensed insurance agents and appointed by LIC and MIC and both LIA and MIS receive compensation based on the premiums for the insurance policies each sells. Further information is available upon request.

Lemonade Life Insurance Agency, LLC (LLIA) is acting as the agent of North American Company for Life and Health Insurance (policy form LS181 and LS 182 or state version including all applicable endorsements and riders). LLIA receives compensation for the insurance policies it sells and is a sub-producer of Bestow Agency, LLC. Life insurance quotes are provided by Bestow Agency, LLC dba Bestow Insurance Services in CA, who is the licensed agent. Products or issue ages may not be available in all jurisdictions. Limitations or restrictions may apply. Not available in New York. Our application asks about your lifestyle and health; your answers allow us to save you time and avoid offline medical exams.